The Financial Management Centre in Farnborough and Farnham offers a comprehensive year-end accounts and tax return service for your business. Statistics reveal many businesses throughout the United Kingdom struggle with the burden to file the tax return and/or year-end accounts.
In the case of the tax return HMRC revealed over 800,000 small business owners failed to file their tax return on time last year. If you feel you too struggle with financial red tape why not take advantage of our competitively priced service.
Our advisors take the stress out of these otherwise burdensome tasks so you are free to focus on your core business activities instead.
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YEAR-END ACCOUNTS FOR YOUR FARNBOROUGH & FARNHAM BUSINESS
Year-end accounts are submitted to Companies House. Only those trading as a limited company are required to do so. This is a requirement under the Companies Act 2006. All limited companies must prepare and submit year-end accounts within 9 months of their elected year-end. A failure to do so results in a penalty and/or the business being struck off the Register.
The Financial Management Centre in Farnborough and Farnham makes sure you do not forget to file your year-end before the required date. In fact we offer a range of company secretarial services.
If you are not in receipt of monthly management accounts then year-end accounts may be the only record you maintain of your businesses performance for the financial period. Thus having access to accurate year-end accounts is vital for reasons over and above mere compliance.
TAX RETURN SERVICE FOR FARNBOROUGH & FARNHAM BUSINESSES
All businesses must file a tax return to HMRC each year. This return details the business’s income and expenses and allows you to determine your tax liability for the period in question.
Sole traders and partnerships are required to file a Self-Assessment Tax Return (SATR) on or before 31st January. This related to the prior financial year running from 6th April to 5th April. We make sure our customers submit their tax returns well before 31st January.
Please note the actual bill does not need to be settled at the same time we submit your return and you are still able to pay the bill by the 31st January. Getting your return in early means you learn the extent of your tax liability for the period. You are thus able to plan to pay the bill without disrupting cash flow.
Limited companies are subject to Corporation-Tax Self Assessment (CTSA). You must complete and return form CT600 12 months from the end of your first accounting period and nine months from the end of the accounting period thereafter.
A failure to complete your tax return accurately or on time may lead to fines well into four digits. Many small businesses in the Farnborough and Farnham area are able to avoid the stress associated with filing tax returns by engaging the services of The Financial Management Centre.
We offer competitive rates and you gain a trusted advisor. We help our customers drive their businesses forward by offering a range of services including bookkeeping and management accounting.
WHO ARE TAX RETURN SERVICE IS FOR
Our tax return service is ideal for the below list of businesses and individuals:
- Sole traders
- Limited companies
- Landlords renting out property
- Parents earning over £50,000 per annum and claiming child benefit
- Pensioners earning over £100,000 per annum
- Those paying PAYE and earning over £100,000 per annum
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Contact The Financial Management Centre in Farnborough & Farnham today on 01276 889 260. Click here to learn the location of your nearest office or complete the enquiry form.